1200 New Units Planned on Las Olas

The Las Olas Riverfront, a long-dead entertainment and shopping complex in downtown Fort Lauderdale, might be razed and replaced by two apartment towers overlooking the New River.

Property Markets Group wants to build 46- and 42-story apartment buildings combining 1,200 units, as well as a mix of restaurants and “lifestyle retailers.”

The towers would be the tallest in Fort Lauderdale at 499 feet and 469 feet, surpassing Icon Las Olas’ 455 feet. Riverfront’s taller tower also would be higher than another proposed project, 100 Las Olas, which would be 493 feet.

The proposal will go before the city of Fort Lauderdale’s Development Review Committee next week, the first of several steps to reach the city commission.

Ryan Shear, a principal of the development firm, said he hopes to start construction in the second quarter of 2017. The project — to be called The Riverfront — would be built in two phases over seven to eight years.

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